7535 NEWBERRY LANE
About This Property
The fully finished walkout basement is a standout feature, complete with a second kitchen and a spacious in-law suite-ideal for extended family, guests, or potential rental income. Step outside to enjoy the covered rear porch, perfect for relaxing or entertaining, with a convenient built-in shed underneath for extra storage. Off-street parking adds to the practicality of this move-in-ready gem.
Nestled in a peaceful neighborhood yet close to major commuter routes, shopping, and dining, 7535 Newberry Lane offers the best of comfort and convenience. Don't miss your chance to own this versatile and meticulously maintained home-schedule your tour today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 24, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Listed | $449,900 | |
| Listed | |||
| | |||
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Welcome to this beautifully updated ranch-style home in the heart of Lanham! This charming residence boasts refinished hardwood floors that gleam throughout the main level, complemented by a modern, updated kitchen and refreshed bathrooms. Perfect for easy, single-level living, this home offers both style and functionality.
The fully finished walkout basement is a standout feature, complete with a second kitchen and a spacious in-law suite—ideal for extended family, guests, or potential rental income. Step outside to enjoy the covered rear porch, perfect for relaxing or entertaining, with a convenient built-in shed underneath for extra storage. Off-street parking adds to the practicality of this move-in-ready gem.
Nestled in a peaceful neighborhood yet close to major commuter routes, shopping, and dining, 7535 Newberry Lane offers the best of comfort and convenience. Don’t miss your chance to own this versatile and meticulously maintained home—schedule your tour today!
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| Jul 16, 2009 | Sold | ||
| Sold | |||
| Feb 19, 2009 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017